Total liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2011
Dear Expert,
How to calculate Total Liability of the company.
Thanks in advance......
How to calculate Total Liability of the company.
Thanks in advance......
04 November 2011
Determine stockholders' equity. Equity is calculated by summing the shareholders' investment and retained earnings from net income. Both can be found on the balance sheet. Retained earnings are earnings that are not distributed to shareholders. If a company does not show stockholders' equity, use retained earnings
Calculate total liabilities. Liabilities are calculated by subtracting equity from assets. The calculation is RS.10, 000 – RS.2, 000 = RS 8,000. This means that RS.8, 000 of assets are paid for with liabilities or debts to the company.
PLEASE ADD ALSO IN POINT NO.FIRST
Determine company assets. These are all things the company deems valuable and include both current and non-current assets.
Current assets (short-term) are assets that are convertible into cash within one year; and, non-current assets (long-term) are assets of a more permanent nature. Assets are usually the first section on the balance sheet.
Calculate total liabilities. Liabilities are calculated by subtracting equity from assets. The calculation is RS.10, 000 – RS.2, 000 = RS 8,000. This means that RS.8, 000 of assets are paid for with liabilities or debts to the company.
PLEASE ADD ALSO IN POINT NO.FIRST
Determine company assets. These are all things the company deems valuable and include both current and non-current assets.
Current assets (short-term) are assets that are convertible into cash within one year; and, non-current assets (long-term) are assets of a more permanent nature. Assets are usually the first section on the balance sheet.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- Transporter Declaration form
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
